First Electronic Bank is an FDIC-insured, state-chartered industrial bank headquartered in Salt Lake City, Utah. First Electronic Bank believes in building a financial services industry that is inclusive and effective for the diverse range of consumers, businesses, and partners that rely on it. We believe that expanded access to credit and innovation benefits society, and that quality financing programs must be compliant, economically stable, straightforward, and avoid consumer harm. We partner with dynamic technology and financial services providers to offer credit products across the credit spectrum: from “prime” to “subprime”, from small businesses to individual consumers, from general purpose credit cards to point-of-need installment loans. 

Banking

Credit

Electronics

Venture Capital

First Electronic Bank

Derek Higginbotham

Stephen Sorenson

The Leadership Team at First Electronic Bank is responsible for setting the strategic direction, ensuring regulatory compliance, managing financial and operational risks, and fostering strategic partnerships. Comprising top executives across various domains like compliance, finance, risk management, legal, and human resources, this team collaborates to build an inclusive and effective financial services landscape. Their decisions help drive innovation, expand access to credit, and maintain economic stability while focusing on consumer protection.

Leadership Team

Compliance

Finance and Accounting

Leadership Team

About

Team members

Other teams at First Electronic Bank

Compliance

Finance and Accounting